Intimation regarding resignation of Statutory Auditor of the company with effect from 19 December,2025 due to reduction in overall audit leadership capacity of auditor.
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Bizotic Commercial Limited has informed BSE that its Statutory Auditor, M/s J. Singh & Associates (FRN: 110266W), has resigned with effect from 19 December 2025. The auditor cited the resignation of a key partner who was overseeing the company's audits, combined with acute staff shortages, as reasons for being unable to allocate adequate resources to complete the audit on time. The auditor explicitly confirmed there are no other material concerns, no issues with management, and no impact on financial statements. The auditor has, however, agreed to issue the limited review report for the half year ending 31 March 2026 before stepping down. The company now needs to appoint a new statutory auditor to complete the FY audit.
This is a mid-term auditor change driven by the audit firm's internal capacity issues rather than any governance red flag at the company. For shareholders, the immediate risk is short-term delay or disruption in completing the statutory audit for FY26, but no financial-statement concerns have been flagged. The company will need to appoint a replacement auditor quickly to avoid any timeline issues with annual results.